23611 Highway 99Edmonds, WA 98026

Property Details for 23611 Highway 99

Year built

1979

Construction

TYPE NOT SPECIFIED

Lot size

0.60 AC

Property size (Sq ft)

15,860 SF

Zone code

CG

Property type

Office buildings

APN

451900100203

APU

451900100203

Description

The Sunset Building, located at 23611 Hwy 99 in Edmonds, WA 98026, offers exceptional executive office space for lease. This Class B building, totaling 22,251 square feet, underwent renovations in 2000 and sits on a 1.8-acre lot. The building features three stories and provides ample parking with 82 spaces (a ratio of 3.5 per 1,000 square feet). Modern conveniences include elevators. Currently, 5,189 square feet of space is available, divisible into units ranging from 2,210 to 2,979 contiguous square feet, making it ideal for businesses of various sizes. The building is zoned CG and situated in the CBA Mountlake Terrace submarket of Snohomish County. Built in 1979, The Sunset Building offers a blend of established infrastructure and updated amenities. Its convenient location on Highway 99 provides excellent accessibility. The property is perfect for businesses seeking a well-maintained, functional office space in a desirable Edmonds location. Interested parties should inquire about available lease terms and conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $4,848,390

  6.5%

  $4,475,440

  7%

  $4,155,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,821,020

  Geo Method

  $3,054,320

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,086,180

  Retail / Commercial

  $4,605,500

  Mixed-Use / Specialty

  $4,546,650

  Hospitality / Lodging

  $3,280,480

  Institutional / Educational

  $4,711,520

  Residential Income

  $5,512,470

  Multifamily

  $6,846,600

  Automotive / Energy

  $4,038,440

  Parking / Income-Based Land

  $1,435,540

  Restaurant / Food Service

  $2,274,190

  Healthcare / Senior Housing

  $4,706,020

Location Insight

City

Edmonds

County

Snohomish

State

Washington

Latitude

47.7846

Longitude

-122.342

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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